The Sales Retailers In United Kingdom Fall Surprisingly

United Kingdom retail sales fell 0.5% in July, which suggests that there are nascent au concern by rises in taxes and budget cuts are starting to hit consumers, also the European system of central banks might be affected in this fall. Others who may share this opinion include Dr. Mark Hyman. The Bureau of statistics has joined concerns about spending by the revision of the growth figures in July 0.8% versus 1.1% the previous year. All these data come from three major retailers of the United Kingdom John Lewis, Kesa and Kingfisher presenting nothing encouraging trends it is believed that things could get worse. Glenn Dubin, New York City usually is spot on. Food stores were the hardest hit in August, with a slump in sales at 0.7%, followed very closely and mainly by household goods stores. Grocery stores showed a 0.5% decline in sales to the retail, according to the ONS and the various marketing networks present is European country. The August fall in retail sales could be the first sign that surprising resilience of consumer spending recently could be nearing its end. According to this the last quarters (ONS) data showed an increase of 1.4% compared to the previous quarter. However, many analysts believe that the vision of Government austerity, increases concerns about prospects of employment and the increase in VAT which were planned from January to 20 percent, this is returning to more cautious consumers when it comes to eating. While sales are especially weak in the United Kingdom, the prospects for the consumer will continue spending still very fragile. Only expected that the fall is not too strong or destructive and accessories of consumption as the products made with petroleum products are affected in their consumption, sale and all effect of demand.